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Under general circumstances, debt is allocated from the partnership to each partner in the following manner: A. Recourse to partners with the ultimate responsibility for
Under general circumstances, debt is allocated from the partnership to each partner in the following manner: A. Recourse to partners with the ultimate responsibility for paying the debt; nonrecourse profit-sharing ratios B. Recourse capital ratios; nonrecourse capital ratios C. Recourse profit-sharing ratios; nonrecourse profit-sharing ratios D. Recourse profit-sharing ratios; nonrecourse to partners with the ultimate responsibility for paying the debt
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